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Taiwan aids Israel VC to raise $150M

Posted: 03 Jan 2008 ?? ?Print Version ?Bookmark and Share

Keywords:Israel VC? venture capital? Taiwan government?

Israel-based Giza Venture Capital targets to raise $150 million for its fifth fund, with $30 million of the amount to be provided by Taiwan government's National Development Fund (NDF).

Giza has assisted Israeli companies to engage in projects with Taiwanese technology companies, including semiconductor foundry Taiwan Semiconductor Manufacturing Co. Yeh Ming-feng, an executive secretary of the NDF, said Giza is Israel's third-largest private venture capital company and that the NDF previously invested about $15 million in the Giza Venture Fund IV.

"Israeli companies have first-rate research and development abilities in information technology, biotechnology and security technology," said Yeh, who is also vice chairman of the Council for Economic Planning and Development in the Taiwan. However, Israeli companies lack capital, which Yeh said can be provided by Taiwan.

Established in 1992, Giza manages four funds totaling about $500 million. It is active in the areas of communications, semiconductors, information technology, enterprise software, life sciences, cleantech, media, Internet, gaming and entertainment. Giza invests in seed and early-stage companies.

- Amir Ben-Artzi
EE Times Europe

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